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Can I Be Forced To Move If My Landlord is Foreclosed On?

I have been getting this question a lot lately and the answer is yes. Under the law in most states (all that I know of) a foreclosure action effectively cancels your right to occupy a property under a residential lease. In most foreclosure lawsuits, the lender will serve a foreclosure notice to the tenants as well as the owner. This puts you on notice that you will be forced out when the foreclosure goes through. In most cases, a foreclosure action will take several months. If you do become aware of a foreclosure on a property you are renting I... Read more →